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Virtualized Evolved Packet Core Market By Industry Growth & Regional Forecast
Virtualized Evolved Packet Core Market
The cloud segment in the virtualized evolved packet core market is estimated to show a significant CAGR over the forecast timeline due to the growing need to reduce the overall equipment cost in the network infrastructure. Additionally, telecom operators are increasingly adopting vEPC solutions to improve collaboration with third-party software application vendors to experience faster deployment, scalability, and agility benefits.
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Supportive government initiatives to benefit citizens is driving virtualized evolved packet core market growth. For instance, the U.S. government is expected to rollout Citizens Broadband Radio Service (CBRS) band for private operators and enterprises in 2018, which will act as a catalyst for market growth.
North America held a large virtualized evolved packet core market share in 2018 and is estimated to dominate the industry share over the forecast timeline. The vEPC market growth is attributed to the expansion of LTE and LTE-advanced (LTE-A) networks in the region. Telecom operators in the region are rolling out new applications, such as IoT, M2M, and wireless broadbands, using vEPC solutions on their networks. Telecom operators in the region are strategically focusing on providing innovative solutions to provide better customer service, standardize their 4G/LTE business models, and measure the service performance & quality.
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Virtualized Evolved Packet Core Market, By Component, 2014-2025 (USD Million)
Solutions
Mobility Management Entity (MME)
Home Subscriber Server (HSS)
Serving Gateway (SGW)
Packet Data Network Gateway (PDN GW)
Policy and Changing Rules Function (PCRF)
Services
Professional Services
Consulting & Training Services
Integration & Deployment Services
Managed Services
The vEPC solution providers are focusing on strategic alliances with other virtualized evolved packet core market players to improve their offerings and expand their geographical presence. For instance, in July 2017, Mavenir Systems, Inc. acquired the assets associated with the vEPC product family from Brocade Communications Systems, Inc. This acquisition will enhance its next-generation core network with feature-rich vEPC solutions, expanded customer base, and advanced network slicing capabilities important to 5G architectures.
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